OKX CEO Star tweeted that Hyperliquid has proven that on-chain contracts can achieve significant success even with a small team, and that competitors like Aster are now entering the field. OKX Web3 has been testing a similar product since 2023, but has not yet launched on the mainnet due to regulatory concerns. Star cautioned that while focusing on the growth of on-chain contracts, the CFTC's enforcement action against Deridex in 2023 should not be overlooked. The regulatory environment has fundamentally shifted, and the industry urgently needs clear rules.
Star: While focusing on the growth of on-chain contracts, we should not ignore the CFTC's enforcement against Deridex in 2023
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